Maruti's Q4 profit soars despite cost, chip hurdles
Vehicle sales fell 0.7% in the quarter to 488,830 units. Sales in the domestic market fell 8% from a year ago to 420,376 units, while exports surged nearly 93% to a record 68,454 vehicles
Top Indian carmaker Maruti Suzuki on product launch offensive this fiscal
The company intends to target SUV segment, wrest back market share which has fallen to 43% Maruti to shift focus on high-end cars as demand for hatchbacks shrinks
There has been a 25% decline in the market for hatchbacks in the last four years due to increase in commodity prices and taxes by state governments
Q4FY22 Quarterly Result Announced for Maruti Suzuki India Ltd.
Cars & Utility Vehicles company Maruti Suzuki India declares Q4FY22 result: The Company sold a total of 488,830 vehicles during the Quarter, lower by 0.7% compared to the same period previous year. In the Quarter, the sales in the domestic market stood at 420,376 units, a decline of 8% over that in Q4 FY21. The sales in the export market were at 68,454 units which is the highest ever in any Quarter. During the Quarter, the Company registered Net Sales of INR 255,140 million, an increase of 11.1% compared to the same period of the previous year. The prices of commodities such as steel, aluminium and precious metals witnessed an unprecedented increase during this year. The Company was forced to increase prices of vehicles to partially offset this impact. The Company continued to work on cost reduction efforts to minimize the impact on customers. With this, the operating profit for the Quarter stood at INR 17,796 million, a growth of 42.4% over that of Q4FY21. Net profit for the Quarter stood at INR 18,389 million, higher by 57.7% compared to the same period last year. Highlights: Full Year (April-March), FY 2021-22 The Company sold a total of 1,652,653 vehicles during the year, up 13.4% over the previous year. The sales in the domestic market stood at 1,414,277 units, an increase of 3.9% over FY 2020-21. The Company recorded its highest ever exports of 238,376 units in FY 2021-22 compared to 96,139 units in FY 2020-21. This was also about 62% higher than the peak exports in any financial year so far. During the period, the Company registered Net Sales of INR 837,981 million compared to INR 665,621 million in FY 2020-21. Despite a 26% increase in Net Sales, the Net Profit for the period declined by 11% over previous year to INR 37,663 million Result PDF MARUTI SUZUKI INDIA LTD. - 532500 - Board recommends Final Dividend (AGM on August 31, 2022)
Maruti Suzuki India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2022, inter alia, has considered and recommended a final dividend aggregating INR 18,125 million i.e. Rs. 60 per share (Nominal Value INR 5.00 per share) (Previous Year INR 13,594 million i.e. Rs. 45 per share) for the financial year 2021-22. Final dividend is subject to approval of shareholders. MARUTI SUZUKI INDIA LTD. - 532500 - Audited Financial Results For The Year Ended On 31St March, 2022
Audited Financial Results for the year ended on 31st March, 2022
Maruti Suzuki joins hands with Indian Bank for car loans
Maruti Suzuki India (MSI) on Wednesday said it has joined hands with Indian Bank to facilitate easy finance for customers. As part of the partnership, the company's customers can avail the loan benefits in over 5,700 plus branches of Indian Bank at metro, urban, semi-urban and rural locations. Maruti Suzuki customers, under this exclusive scheme, can avail loans up to 90 per cent of the on-road price of the car besides getting benefits of zero processing charges, free accidental insurance cover up to Rs 30 lakh, free fastag and repayment tenure up to 84 months on their loans. The scheme is open till June 30 2022. "About 80 per cent of retail sales in the automobile industry happen through financing and to enable our customer's car-buying decisions, Maruti Suzuki has initiated several partnerships with banks & NBFCs across the public and private sectors. It is our firm belief that this partnership with Indian Bank will go a long way to cater to the diverse finance requirements of . MARUTI SUZUKI INDIA LTD. - 532500 - Certificate Under Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Dear Sir(s), Please find enclosed herewith as Annexure - "A", the compliance certificate issued under regulation 7(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the same on record. MARUTI SUZUKI INDIA LTD. - 532500 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Dear Sir(s), We wish to inform that a conference call for the analysts and investors is scheduled to be held on Friday, 29th April, 2022 at 04:45 p.m. Kindly take the same on record.